HB 249-LOCAL – AS INTRODUCED
2011 SESSION
10/09
HOUSE BILL 249-LOCAL
AN ACT relative to procedures for property revaluations.
SPONSORS: Rep. K. Souza, Hills 11; Rep. Newton, Straf 1; Rep. Itse, Rock 9; Rep. Comerford, Rock 9; Rep. J. Sullivan, Rock 1; Sen. Barnes, Jr., Dist 17
COMMITTEE: Municipal and County Government
This bill requires that procedures for updating assessments in a property revaluation for property tax purposes shall not include statistical updates based on sales data, but shall be based on visual inspection and practice of measure and list.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
11-0677
10/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eleven
AN ACT relative to procedures for property revaluations.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Department of Revenue Administration; Appraisals of Property for Ad Valorem Tax Purposes. Amend RSA 21-J:11, III(a) to read as follows:
(a) Contract or agreement provisions for a full revaluation, a cyclical revaluation, or a partial revaluation[, or a statistical update] where appraisal is by measure and listing, provided that the rules adopted shall not permit the maintenance of assessments by statistical updates; and
2 New Subparagraph; Assessing Standards Board; Guidelines for Revaluations. Amend RSA 21-J:14-b, I by inserting after subparagraph (e) the following new subparagraph:
(f) The prohibition of the use of statistical updates in revaluations in lieu of visual inspection and measure and list.
3 New Paragraph; Revised Inventory. Amend RSA 75:8 by inserting after paragraph II the following new paragraph:
III. No adjustment under this section shall be made solely based on sales data compiled for statistical updates.
4 Effective Date. This act shall take effect 60 days after its passage.